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Pension account transfer proposed

China Daily | Updated: 2008-12-23 07:41

Pension account transfer proposed

Workers will retain the accumulated amount of their pension fund even if their accounts are transferred to another province or region, says a draft law.

The draft social security law, submitted to the National People's Congress (NPC) yesterday for second reading, calls for unifying pension funds across the country so that individuals' accounts can be transferred and renewed anywhere.

The pension fund clause was added to the draft law after the first reading by the country's top legislature.

Pension account transfer proposed

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